Bayer tops pharma sector's gainers

TedGriffith

BOSTON (CBS.MW) -- Shares of Bayer
BAY, -14.29%
surged 6 percent in early dealings Thursday while the overall pharmaceutical sector headed modestly higher. U.S.-listed shares of German-based Bayer jumped $1.36 to $23.66 following a legal victory for the company. Bayer said late Wednesday that a lawsuit against the company over its drug Baycol was denied class action status. The Amex Pharmaceutical Index
$drg
added 0.3 percent to 321.88.

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